Home » Corn, soybeans, higher on short coveringSource: Sosland Publishing Co.
Recap for February 26
- Corn and soybeans pulled higher in short-covering Monday after earlier dropping to three-year lows. Wheat futures closed higher as traders adjusted positions ahead of Thursday’s first notice day for March deliveries and with spillover support from corn and soybeans. The May corn future was up 8¢ to close at $4.21½ per bu. Chicago May wheat added 5¾¢ to settle at $5.74¾ per bu. Kansas City May wheat advanced 11¢ to close at $5.76½ per bu. Minneapolis May wheat added 6¢ to close at $6.52¾ per bu. May soybeans rose 3½¢ to close at $11.45¼ per bu. May soybean meal added 60¢ to close at $328.60 per ton, though later months were mixed. May soybean oil added 0.42¢ to close at 45.02¢ a lb.
- US equity markets slipped lower Monday but remained on track for February gains. Shares of…
